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Cloudflare

Technical Analysis on Cloudflare (NET)Cloudflare ( NET ) experienced exponential growth between 2020 and 2021, followed by a sharp decline in 2022. This decline halted around a support level at approximately $40, which has been tested multiple times as a key level. Recently, the stock broke through a significant volume area, also surpassing a key resistance level that had been tested multiple times in the past. Bullish Scenario Currently, it appears to be in a retest phase. If this level can hold as new support, the stock could continue its upward trend, with an initial target around $130. Bearish Scenario If the retest fails, as it did in April 2024, the stock may retrace toward the POC area, located around $60. A move below this key level would increase the likelihood of a further decline toward the critical $40 support, previously tested multiple times, where it could attempt to stabilize once again.
NYSE:NETLong
by Giovanni_Bandini
Cloudflare Plummets 18% After Disappointing Revenue OutlookCloudflare Inc. shares ( NYSE:NET ) fell by 18.35% after the company's second-quarter revenue projections fell short of analysts' expectations. The company estimated revenue to be between $393.5 million and $394.5 million in the second quarter, with the midpoint missing analysts' estimates of $394.5 million. This has raised concerns about the company's ability to maintain its current growth rate. Cloudflare ( NYSE:NET ) and its peers have faced headwinds in recent months as businesses scaled back IT spending. Despite this, the company posted adjusted earnings of 16 cents per share, up from a year earlier and beating analysts' estimates of 13 cents. Its first-quarter sales of $378.6 million beat analysts' estimates of $373.7 million. Analysts believe that Cloudflare ( NYSE:NET ) is taking share from rivals with cloud-based offerings on its content-delivery network, and a sales-force restructuring has gained traction. New product launches and larger enterprise accounts may help the company maintain steady revenue growth. Technically, Cloudflare ( NYSE:NET ) stock is trading below the 200-day Moving Average (MA) forming a downward gap that occurred as a result of the disappointing revenue outlook. the stock is trading with a Relative Strength Index (RSI) of 25.74 which is arguably oversold.
NYSE:NETShort
by DEXWireNews
Cloudflare $Net - Will it swing into a 150%-200% move?Cloudflare NYSE:NET - Will it swing into a 150%-200% move? Cloudflare has a long way to run if it gets back to the all-time high. Price it trading above the EMAs even though we are in a pullback. If it pulls back into the EMAs, it could swing into a 150% - 200% move back to the all-time high. Cyber security will always be a concern. If Cloudflare can continue to solve those problems, especially with the quantum computing threat, Cloudflare will be relevelent.
NYSE:NETLong
by PortfolioBuildersClub
Cloudflare Shares Spike 8% After Upbeat First-Quarter Forecasts Cloudflare Inc. (NYSE: NYSE:NET ) has recently announced its first-quarter revenue and profit forecasts, surpassing market estimates. The company's optimistic outlook is fueled by the growing demand for its cloud and content delivery services, reflecting a broader trend of enterprises accelerating their digital transformations. Let's delve into Cloudflare's (NYSE: NYSE:NET ) financial projections, recent performance, and market outlook, providing insights into the company's position in the rapidly evolving cloud computing landscape. 1. Strong Q1 Revenue and Profit Projections: Cloudflare (NYSE: NYSE:NET ) anticipates first-quarter revenue to range between $372.5 million and $373.5 million, exceeding analysts' expectations. Projected adjusted earnings stand at 13 cents per share, higher than the consensus estimate of 12 cents. Meanwhile, the robust forecasts underscore Cloudflare's (NYSE: NYSE:NET ) confidence in its ability to capitalize on surging demand for cloud and cybersecurity services. 2. Factors Driving Growth: Demand Surge: The accelerated digitization of operations by enterprises has led to a surge in demand for cloud and cybersecurity services. Cloudflare stands to benefit from this trend, offering a suite of website and application services tailored to modern digital workflows. Client Retention: Cloudflare's emphasis on client retention as a driver of topline growth is underscored by significant wins in both new customer acquisitions and renewals, as highlighted by CEO Matthew Prince. Resilience Against Cyber Threats: Despite facing attempted cyber intrusions, Cloudflare (NYSE: NYSE:NET ) has demonstrated resilience, with minimal operational impact. This resilience enhances the company's reputation for robust cybersecurity infrastructure. 3. Financial Performance: - Fourth-quarter revenue soared by 32% to $362.5 million, surpassing analyst expectations. - Adjusted earnings per share stood at 15 cents, further exceeding analyst forecasts. - Cloudflare's impressive financial performance reflects its ability to effectively leverage market opportunities and deliver value to shareholders. 4. Technical Outlook: Positive Momentum: Cloudflare (NYSE: NYSE:NET ) is experiencing positive momentum, evident from its rising trend channel in the medium to long term. Cloudflare (NYSE: NYSE:NET ) stock recently broke out of a rectangle formation, indicating potential further upside towards the $133 mark or beyond. 5. Market Position and Outlook: Competitive Landscape: Cloudflare operates in a competitive landscape dominated by evolving technological trends and innovations. However, its focus on delivering robust cloud and cybersecurity solutions positions it favorably among competitors. With increasing reliance on cloud-based services and cybersecurity infrastructure, Cloudflare (NYSE: NYSE:NET ) is poised for sustained growth. The company's proactive approach to innovation and customer-centric solutions bodes well for its long-term prospects. Conclusion: Cloudflare's optimistic revenue and profit forecasts, coupled with its resilient financial performance and positive technical outlook, underscore its position as a key player in the cloud computing and cybersecurity sectors. As enterprises continue to prioritize digital transformation initiatives, Cloudflare (NYSE: NYSE:NET ) is well-positioned to capitalize on evolving market dynamics and deliver value to shareholders in the foreseeable future.
NYSE:NETLong
by DEXWireNews
Cloudflare: Downhill 🏂In the chart of Cloudflare, the last high should have set the top of the orange-colored wave b, which we count as a sub-wave of the larger (ii) in blue. Accordingly, we expect another setback to below the support at $75.50, where the reversal should finally be initiated in the blue Target Zone (coordinates: $67.96 - $57.11). Prices within this range can be used to enter long positions. Only a significant breach of the resistance at $86.91 would convince us that the price will rise imminently with wave alt. (i) in blue. This option is 33% likely.
NYSE:NETShort
by MarketIntel
1
Cloudflare Eyes Growth From Artificial Intelligence InvestmentsFrom a technical view, NET stock owns a 76.07 buy point from a consolidation. For more aggressive investors, there's a lower 66.24 buy point — the Nov. 7 high. NET stock has cleared resistance in the 66 trading area. A 5% buy zone extends to 69.55. Started in 2009, Cloudflare speeds up and provides security for web applications routed through its intelligent global network. When the company released third-quarter earnings for NET stock on Nov. 2, management updated analysts on its AI infrastructure plans. NET Stock: Deploying Nvidia AI Chips As of Oct. 31, Cloudflare told analysts it had deployed "inference-optimized" Nvidia (NVDA)-made GPUs in 75 cities. It plans to deploy the Nvidia chips in 100 cities by the end of 2023. In 2024, Cloudflare aims to deploy the Nvidia AI chips in 300 locations worldwide. The AI networking cards are simply plugged into computer server PCI slots, lowering capital spending needs. Cloudflare Q3 Earnings Beat In addition, Cloudflare has set a long-term goal of $5 billion in annual recurring revenue, or ARR, from subscription-based services. Its 2022 revenue stood at $975.2 million. Cloudflare earnings for the quarter ending Sept. 30 were 16 cents a share, up 166% from 6 cents a year earlier. Revenue climbed 32% to $335.6 million, the San Francisco-based company said. Analysts predicted profit of 10 cents a share and revenue of $330.5 million. In Q3, Cloudflare said it added 206 new large customers that spend more than $100,000 annually. It ended the quarter with 2,558 large customers, up 34% from a year earlier. Price Momentum NET is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:NETLong
by DEXWireNews
Cloudflare continues in a trend of lower highs.Cloudflare - 30d expiry - We look to Sell at 52.98 (stop at 56.11) Our short term bias remains negative. Daily signals are bearish. The medium term focus remains bearish and intraday rallies continue to find sellers. The trend of lower highs is located at 54.00. We look for a temporary move higher. Preferred trade is to sell into rallies. Levels close to the 38.2% pullback level of 54 found sellers. Our profit targets will be 45.15 and 44.15 Resistance: 47.00 / 51.00 / 54.00 Support: 43.00 / 41.32 / 37.37 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:NETShort
by Saxo
$NET, THE DISCOUNT OF THE DECADEBuying Cloudflare stock at these levels, and what seems to be an approaching opportunity to buy it at ~$30 is just an incredible discount. Myself and so many other developers around the world love building and deploying on Cloudflare, it's amazingly cost-friendly with a lot of free entry plans to get started at no cost. I am uber bullish on developers in general, it's a space that will grow exponentially. So many kids are growing up, wanting to code and deploy projects and Cloudflare makes it easy for them to get started at no cost, this is huge. When these kids grow up, they will be advocates for Cloudflare, they will pay it back. They will scale their web apps on Cloudflare, they will spend their money with the company that let them start building at no cost. It's what they'll be familiar with and Cloudflare will have a suite of products that will fulfill their needs. Cloudflare builds the right product and they build it fast. The founder is the CEO. They have a great leader at the helm who lives and breathes the space -- natural and passionate innovator. This is someone I have full confidence backing. Cloudflare continues to grow 50%+ YoY. This is the time to buy company's that are continuing to grow, despite the conditions of the economy. ibb.co As for the technicals, it sure seems that we are on the C wave of an ABC correction. I also added some trend lines that may or may not be respected. I am eyeing a bounce around $31 in late August. This is not financial advice. This is my personal opinion.
NYSE:NETLong
by thejdela
9
Buying Opportunity: Cloudflare (NET)Chart analysis is showing that Cloudflare (NET) is trying to form a bottom at an important Fibonacci level. Currently, there is momentum to the downside on the daily chart and a gap to be closed at 46.38. It's therefore likely that with the downward momentum, NET will attempt to close this gap and then quickly rebound up to 59 as it will also try to maintain price at or above this level for the monthly close. The weekly charts are already showing bullish signs and the asset's underperformance relative to the S&P 500 has already slowed down, which virtually always occurs right before a reversal. The Wave Trend Oscillator by @LazyBear shows that momentum to the downside on the highest timeframes is already bottomed and will soon start to revert back to the upside. On the daily chart, Heikin Ashi candles and Fibonacci Bollinger Bands also show signs of a bottoming pattern forming. The daily RSI has been showing bullish divergence since May. Therefore entering NET at prices around the gap closure at 46.38 could be a great risk-reward entry for long-term investors. Although anything is possible, it's statistically unlikely that NET will make a full retracement and fall much lower than the gap closure. In the years to come, Cloudflare will likely go to the moon. Not financial advice.
NYSE:NETLong
by SpyMasterTrades
NET - Is it Worth Risking for 130% Upside?Do you believe in Cloudflare enough, the company which is still not profitable, to invest at this stage? Fundamentally: although revenue grows exponentially the company is not making any profits, there is not much else to add and a lot will depend on the upcoming earnings report Technically: It is very tricky to analyse Cloudflare as it is a relatively young company and at its infancy development stage hence there is not much to assess on the graph The proposed scenario, which is one of many, may look plausible if to consider that cyber security industry is crucial more than ever these days One may count an impulse in the wave formed from March to November 2021. However, this scenario is based on the premise that this move was part of a Running Flat correction which completed in January 2022 Since then there were two impulse like movements that can be interpreted as zig-zag of the first impulse in the developing Ending Diagonal Is it possible that this scenario may play out? Let's see the report and will revisit this thought. However, at the moment it might be risky to go either way. What do you think about this idea? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:NETLong
by vitalalyt
3
Cloudflare: Will Resistance Hold Again? Cloudflare - Short Term - We look to Sell at 122.48 (stop at 132.12) We look to sell rallies. Bespoke resistance is located at 120.00. The bias is still for lower levels and we look for any gains to be limited. Choppy price action seen. We look for a temporary move higher. Our profit targets will be 94.27 and 83.10 Resistance: 120.00 / 140.00 / 170.00 Support: 100.00 / 80.00 / 65.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:NETShort
by Saxo
1